SOUTH AFRICA
FRESNAYE, CAPE TOWN With sea and mountain views as far as the eye can see, this property features a stunning stone-clad staircase and double volume living rooms. These include a large family room with an adjoining study/home office and gymnasium, a designer kitchen and three bedrooms with en suite bathrooms. There is also an additional one-bedroom staff suite as well as a separate guest/teenage pad. A large entertainment terrace stretches across the front façade of the home with a lounge and dining room area plus a swimming pool. £2.133m / €2.645m / $3.44m Seeff Atlantic Seaboard: +27 (0)82 416 6103
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the Eurozone – SA’s biggest trading partner – along with what he terms ‘strike season’ and political uncertainty (the ANC’s elective conference takes place in December). Yet, despite this, Seef points to the many positives for buyers such as the price cuts since the peak, strong property laws and a sound registration process. “We certainly believe in the future of the country and our ability to work through difficulties. Property is still a great investment here, history has shown that if you do your homework and buy smart, your property will grow in value.” Buying smart may ensure your investment grows in value but many agents admit that overseas buyers initially have concerns over the country’s security and political instability. Fine & Country South Africa started operating in and now has offices across the country.
CEO Linda Erasmus finds that overseas visitors’ perceptions often change when they actually visit the country. “Once they have visited a couple of times and have overcome the fear of security issues, they realise that the sunshine is worth much more than money can buy.” Ms Erasmus says that most overseas Investors are drawn toward places with good security such as the V&A Waterfront in Cape Town for the lifestyle choice but she tips Johannesburg as the place for investors. “Property holds its value well and is least affected by the various cycles. The cycle here recovers first after a recession. The growth is always good medium to long term and smaller units in particular are good investments.” Like most South Africans Ms Erasmus has a genuine love of her country. She explains, “I am a world traveller and have often felt safer ▶
International Property Luxury Collection
31/10/2012 16:22